Hulbert on Markets

Gold Set to Defy Skeptics Again

With market timers down on the precious metal, its short-term trend is higher.

Gold is likely to be higher in early January than it is today, according to a contrarian analysis of current gold-market sentiment.

To appreciate the confidence with which contrarians can make such a forecast, consider the conclusion of contrarian analysis in early July, the last time I devoted a column for Barrons.com on the subject. (See Hulbert on Markets, "Gold Can Head Even Higher," July 13.)